

| TELEFONICA SA | 30/03/2023 AGM | |
|---|---|---|
| I.1. | Approve Consolidated Financial Statements | For |
| I.2. | Approve Non-Financial Statements | For |
| I.3. | Approval of the management and activities of the Board of Directors | Oppose |
| II | Approve the Dividend | For |
| III | Appoint the Auditors | Abstain |
| IV | Reduce Share Capital | For |
| V | Approve the Dividend | For |
| VI | Authorise Share Repurchase | Oppose |
| VII | Approve Remuneration Policy | Oppose |
| VIII | Delegation of powers to implement agreements adopted by shareholders at the general meeting | For |
| IX | Approve the Remuneration Report | Oppose |